Bio-jet fuel is an important way to reduce aviation carbon emissions, and the industry’s future development is promising

Bio-jet fuel, the full name of bio-jet fuel, refers to a fuel produced from a variety of animal and vegetable oils and fats using independently developed hydrogenation technology, catalyst systems and process technology. Compared with traditional aviation fuel, bio-jet fuel can reduce carbon dioxide emissions by 55%-92%. It is a sustainable aviation fuel and has a positive role in promoting the realization of the dual-carbon goal of the national aviation industry. In April 2013, China’s self-developed No. 1 bio-jet fuel successfully made its first test flight, marking my country becoming the fourth country in the world to master bio-jet fuel technology.

From the perspective of the global market, the EU currently fully supports the application of biojet fuel from many aspects, including increasing tax incentives. According to the requirements of the Energy Tax Directive, member states must compulsorily reduce taxes on clean energy production activities in the aviation field; compulsory Supported by the sustainable aviation fuel bill, the sustainable aviation fuel bill clearly stipulates that the proportion of sustainable aviation biofuels, including biojet fuel, in aviation fuel must reach 2% in 2025 and 63% in 2050; to reduce carbon quotas, according to aviation The carbon trading system requires that the carbon quota ratio in the aviation sector will drop from 2.2%/year to 4.2%/year. In the future, the bio-jet fuel industry in Europe will enter a stage of rapid development under the favorable factors of many factors, and the industry development prospects are good.

From the perspective of the Chinese market, my country’s carbon emissions in 2021 will be 10.65 billion tons, ranking first in the world. Domestic carbon reduction and emission reduction are urgent. In 2021, the carbon emissions of my country’s aviation industry will be 90 million tons, and are in a continuous growth trend. The carbon emissions of the aviation industry mainly come from the combustion of aviation fuel, which accounts for 82% of the total carbon emissions in the aviation sector. At the same time, aviation carbon emission reduction is also strongly supported by national policies. In January 2022, the “14th Five-Year Plan for Civil Aviation Development” issued by the country proposed to promote the development of green civil aviation industrialization and support the establishment of various types of services to serve the construction of green civil aviation. factor market. With the continuous increase in domestic aviation carbon emissions and strong policy support, my country’s bio-jet fuel industry is expected to develop in the future.

Against this background, in June 2022, Sinopec’s Zhenhai Refining and Chemical 100,000 tons/year industrial unit produced bio-jet fuel on a large scale for the first time; in September 2022, Jia’ao Environmental Protection planned to invest 4 billion yuan to build a 500,000-ton-annual bio-jet fuel plant. Jet fuel project. According to the “Bio-jet Fuel Industry Market In-depth Research and Investment Prospects Forecast Analysis Report 2022-2027” released by the Industrial Research Center, In the future, under the background of increasing domestic new production capacity, it is expected that my country’s bio-jet fuel market potential will be close to 900,000 tons by 2025.

Industry analysts said that while it has good development prospects, my country’s bio-jet fuel marketization process is also limited by various factors. For example, biojet fuel is a resource-constrained industry. Currently, the raw materials for biojet fuel are coconut oil, palm oil, linseed oil, seaweed oil, catering waste oil, animal fat, etc. The high cost of raw material collection limits large-scale production in the industry. In the future, under the background of the continuous development of national kitchen waste resource utilization projects, the standardized collection process of domestic waste oils and fats will continue to accelerate, which will benefit the development of the bio-jet fuel industry.